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Bank Secrecy Act Updates – What Are the New Expectations?

There is a lot going on – in this webinar we’ll cover the new requirements, talk about what’s coming and when, and provide recommendations on how to deal with things right now.

OnDemand
Recorded Wednesday,
September 29th, 2021
Presented by Carl Pry
2.5 CRCM Credits
$279.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • BSA
  • Compliance
  • Lending
  • Bank Legal Counsel
  • Bank Secrecy Act Officer/BSA Specialist
  • Board Member
  • Branch Manager
  • Commercial Lender
  • Compliance Officer
  • Consumer Lender/Retail Banker
  • Deposit Operations Manager/Specialist
  • Internal Auditor
  • Loan Closer
  • Loan Operations Manager/Specialist
  • New Accounts Representative
  • Risk Manager
  • Senior Management
  • Small Business Lender

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AML/BSA compliance has been quite popular in the news lately. The Anti-Money Laundering Act of 2020 made several substantial changes to the BSA statute, and it’s now up to FinCEN and the prudential regulators to put them into practice by amending the regulation and exam procedures. Most critical is a change to the beneficial owner rules that took effect in 2018; eventually (key word there) these requirements will be shifted onto businesses to be maintained in a government database. How should financial institutions deal with that now though? As well, we’ll see changes in SAR procedures and the inclusion of federal AML priorities into individual institutions’ BSA policies. There is a lot going on – in this webinar we’ll cover the new requirements, talk about what’s coming and when, and provide recommendations on how to deal with things right now.

The "Bank Secrecy Act Updates – What Are the New Expectations?" webinar has been approved for 2.5 CRCM, CAFP credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for Live attendance only. Certification holders must report these credits at https://aba.csod.com.

Covered Topics

  • The AML Act of 2020 – what’s in it, what it means
  • Coming regulatory changes
  • Current examiner expectations
  • Hot spots and developing areas of concern
  • Enforcement trends and actions – what we can learn
  • AML threats in digital activities and cyber
  • Cannabis banking and AML expectations
  • Weaknesses in CDD programs

Who should attend

The program is designed for BSA Officers, Compliance Officers, Auditors, and those responsible for either overseeing BSA in general or those within the lending business units with BSA responsibilities.


Carl Pry

Instructor Bio

Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Managing Director for Treliant Risk Advisors in Washington, DC. Through his working career, as well as through his experience as a banking attorney and officer, he has provided a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country. He has written extensively regarding consumer and commercial compliance, tax, audit, and financial institution legal issues, and is a frequent contributor to and currently serves on the Editorial Advisory Board for the ABA Bank Compliance magazine. He has spoken at scores of banking, compliance, and state bar associations, and has conducted training sessions for financial institutions across the country.


Credit Information

Bank Secrecy Act Updates – What Are the New Expectations? has been approved for 2.5 CRCM credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for Live attendance only. For questions on certificates, please email support@oncourselearning.com. Certification holders must report these credits at https://aba.csod.com.